Prairie Operating Co. priced a public offering of common stock at $4.50 per share.

From GlobeNewswire: 2025-03-24 22:35:00

Prairie Operating Co. announced a public offering of $38.5 million of common stock at $4.50 per share, with a 30-day option for additional shares. Net proceeds are estimated at approximately $35.4 million. The funds will be used for the acquisition of oil and gas assets from Bayswater Exploration and Production. The offering is expected to close on March 26, 2025. Citigroup is the lead book-running manager for the offering, with other firms acting as joint book-running managers and co-managers. The offering is being made pursuant to a shelf registration statement on Form S-3.

Prairie Operating Co. is an independent oil and gas company based in Houston, focusing on acquiring and developing oil, natural gas, and natural gas liquids. The company’s assets are primarily in the Denver-Julesburg Basin, with a commitment to responsible development and maximizing returns. Forward-looking statements in the press release caution investors about risks and uncertainties related to the Bayswater Acquisition and future operations. For more information, visit the Prairie Operating Co. website. Contact Investor Relations for further details.



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